U.S. drivers are now paying more to fill up their gas tanks than they ever have at this time of year.

The national average price of retail gasoline posted its biggest overnight increase in 23 months, rising four cents to $3.462 a gallon on Friday, according to AAA. The average price has risen 13 cents in the past week, a 4 percent jump.

"This is the highest price record for February 1st," says OPIS analyst Tom Kloza, who predicts the average price could reach $3.50 a gallon this weekend.

"Refinery issues and speculation about refinery issues has a lot of money betting on still higher prices," Kloza said.

Lately, every time I fill up, I see the person behind me got $10 or $15 worth of gas. People are buying just enough to get them where they need to be. I think this year is going to push a lot of people over the financial cliff.

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posted on 02/03/2013 1:55:22 PM PST
by riri
(Plannedopolis-look it up. It's how the elites plan for US to live.)

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